MON
Monad · Parallel EVM L1
Key facts
- Circulating 11.83B, 12%
- Locked or unvested 88.86B, 88%
- No cap: supply can keep growing, see Supply discipline
Market data: CoinGecko, Oct 24, 2026. Scores reviewed Oct 23, 2026.
Assessment
Monad has no material engine yet: MON is gas, the base-fee burn offsets only ~9% of issuance, priority fees and MEV go to validators, and ~$2M of MON is posted at third-party lenders. Inflation is 2%/yr with no cap, ~1.8% net of burns, changed by validator-adopted upgrade. The decisive facts are float and distribution: only 12% of supply circulates, the Nov 24, 2026 first-anniversary cliff releases ~16.6B MON, over 140% of float, and the team, investors, Foundation and Category Labs hold ~89%. The Foundation's delegation program places stake across 170 of 200 active seats and can withdraw it, so the validator set is foundation-selected.
How value reaches holders
EIP-1559-style base-fee burn vs 2% inflation (~5.5M MON/day minted): the burn offsets ~9% of issuance (Sep 30, 2026); priority fees and MEV tips go to validators. The Nov 24, 2026 unlock is ~16.6B MON (OAK, Sep 30, 2026)
Score anatomy
Demand
12 / 45: the stronger of two routes, plus adoptionWhy would anyone hold it: does value reach the token, and is the network or product used today?
Plumbing at 50%+, or 100% via contract but governance-revocable
$0.5-5M/yr, or undisclosed
Gas on Monad; only ~$2M of MON is posted at third-party lenders (Curvance, Neverland, Morpho).
Pays its own network's fees (gas never counts higher, whatever the size of the economy)medium confidenceHow this is scored
Monad (live since Nov 2025) holds $0.99B TVL and $0.70B stablecoins with $2.4M fees TTM; real but far behind the leading chains
Niche: real but small use, far behind its category leadersmedium confidenceHow this is scored
Two routes, the stronger counts
Soundness
11 / 40Can a long-term holder trust the rules: supply, float, distribution and control?
2%/yr inflation (~5.5M MON/day) on 100.7B, ~1.8% net of base-fee burns (Sep 30, 2026), no cap; set by protocol and changed by validator-adopted upgrade.
1-3%/yr on a published curve, or 3-7%/yr under a hard cap with halvingsmedium confidenceHow this is scored
Float 12% (11.8B of 100.7B); the Nov 24, 2026 first-anniversary cliff releases ~16.6B MON, over 140% of float.
Under 15% float, or a cliff of 25%+ of float within 12 monthshigh confidenceHow this is scored
Team 27%, investors 19.7%, Foundation ecosystem 38.5%, Category Labs 4%: ~89%; Coinbase public sale 7.5% at $0.025 (Nov 2025) and airdrop 3.3%
Insiders received over 50%, or one organization directs over 30% todayhigh confidenceHow this is scored
The Monad Foundation delegation program placed ~9.3B MON across 170 of the 200 active seats and can withdraw it for under 98% uptime: a foundation-selected set; under a year live, one client
A halt, rollback or exploited consensus bug in the last 24 months, attack cost under $10M, or a foundation-selected validator set or small multisig can halt or upgrade with no meaningful exit windowmedium confidenceHow this is scored
Durability
4 / 15Is it big, proven and reachable by institutions?
$260.5M market cap (band 3), $40.0M/day median volume (band 3), no flags.
Mid-cap: $250M-1B market cap and $10M/day+How this is scored
TGE Nov 24, 2025: 0.9 years old (1 year on Nov 24, 2026).
Under 1 yearhigh confidenceHow this is scored
Spot on Coinbase, Kraken, OKX, Bybit, Gemini and Upbit; no ETP or US filing found.
Top-tier exchanges only, or delisting pressuremedium confidenceHow this is scored
What would move it up
To reach T3 Mixed, 2 gates are still open:
- Score 27needs 40(open)
- Value engine 1needs 2(open)
- Adoption 2gate 2(met)
- Supply 3gate 1(met)
Tier outlook · next trigger Nov 24, 2026
Stable
- Float: the Nov 24, 2026 cliff releases ~16.6B MON, over 140% of current float
- Track record reaches 1 at one year on Nov 24, 2026
- Security rises to 2 if Foundation delegation (~9.3B MON across 170 of 200 seats) gives way to independent stake
- Supply tightens only if base-fee burns grow from ~9% of issuance
Compare with
How the ranking works and how MON compares: see the full ranking. This entry as JSON:
GET https://tokens.10102.io/api/v1/tokenomics?symbol=MON